earnings
confidence high
sentiment positive
materiality 0.85
Plug Power Q2 2026: revenue ~$178M, EPS -$0.14, raises FY revenue growth to 15-16%
PLUG POWER INC
- Q2 revenue ~$178M, up ~9% sequentially; GAAP EPS -$0.14, adjusted EPS -$0.07.
- Gross margin ~breakeven vs -31% prior year; operating expenses ~$62M, down ~50% YoY.
- Raised FY2026 revenue growth guidance to 15-16%; targets positive EBITDAS in Q4 2026.
- Fuel revenue ~$39M (+15% YoY); fuel gross margin improved to ~-48% from -91%.
- Unrestricted cash ~$162M; net cash usage ~$61M, down 58% sequentially; $80M liquidity deals.